Oklahoma Law Enforcement Retirement System, Oklahoma City, named three finalists in its search for its first commodities manager, said Ginger Poplin, executive director, in an e-mail.
The finalists are Blackstone Group, CoreCommodity Management and Gresham Investment Management.
The $828 million pension fund is seeking a long-only manager to run about $25 million. An RFP was issued earlier this year.
Funding will come from domestic large-cap equities with no terminations, Ms. Poplin wrote. The pension funds' domestic large-cap equity managers are Hotchkis & Wiley, which runs $79 million in active value; Waddell & Reed, $78 million in active growth; and Northern Trust Asset Management, $53 million in passive.
Finalist presentations will take place in July, with a hiring decision anticipated in July or August.